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Oct 8, 2012
10/12
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WBAL
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>> why is it that if you take advantage of a tax break and you're a corporation you're a smart business man, but if you take advantage of something that you need to not be hungry you're a moocher? what kind of business is in a? >> they also sparred over health care. >> the free market has failed us in this instance. >> you can have government regulation of it. just don't have them run it! >> reporter: one rare point of agreement, iraq. >> should not have gone to iraq. afghanistan we had to. >> bill o'real, we should not have gone into iraq. >> reporter: outside and online there was anger not over what was being said but over the snail's pace of the live stream. after paying 4.95 thousands moved to facebook to complain. >> thank you for coming out to see us. >> reporter: after the debate o'riley and stewart apologized for the technical glitches and offered refunds and then in a show of surprising and unprecedented restraint no victory dance around the ring. >> i don't think you can look at these things, you know, of this idea it's a match and there's a winner and the winner takes all. >>
>> why is it that if you take advantage of a tax break and you're a corporation you're a smart business man, but if you take advantage of something that you need to not be hungry you're a moocher? what kind of business is in a? >> they also sparred over health care. >> the free market has failed us in this instance. >> you can have government regulation of it. just don't have them run it! >> reporter: one rare point of agreement, iraq. >> should not have gone...
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Oct 12, 2012
10/12
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KRON
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they talked about national security, foreign policy, taxes, jobs, and clashed over whether the new healthcare reform law put medicare on sounder footing. >> they got caught with their hands in the cookie jar, turning medicare into a piggy bank for obamacare. their own actuaries said 1-6 hospitals and nursing homes are going to go out of business as a result of this >> that's not what they said. >> millions of seniors are projected to lose the coverage they have. >> that didn't happen. more people signed up . whoa, whoa. more people signed up for medicare advantage after the change. nobody is saying that. >> i know you're under a lot of duress to make up for lost rounds. [ laughter ] >> i think people would be better served if we don't keep interrupting >> don't take all the 4 minutes then. >> don't change benefits for people. >> the next debate is the second presidential debate. that's going to take the form of a town hall meeting. citizens will be asking questions of the candidates on foreign and domestic violence issues next tuesday in new york. you can watch that debate on our 24/7 news ch
they talked about national security, foreign policy, taxes, jobs, and clashed over whether the new healthcare reform law put medicare on sounder footing. >> they got caught with their hands in the cookie jar, turning medicare into a piggy bank for obamacare. their own actuaries said 1-6 hospitals and nursing homes are going to go out of business as a result of this >> that's not what they said. >> millions of seniors are projected to lose the coverage they have. >> that...
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Oct 6, 2012
10/12
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MSNBCW
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did the vice president give critics an opening when he talked about a tax hike. let's listen. >> you know the phrase they always use? obama and biden want to raise taxes by a trillion dollars. guess what? yes, we do, in one regard. we want to let that $1 trillion tax cut expire so the middle class doesn't have to bear the burden of all the money going to the super-wealthy. >> does the vice president's style create a risk for the democratic ticket? >> he does. you know, it's something that they've been watching with joe biden for years, but joe biden has been preparing for an entire week. by thursday when the debate happens, he will have spent almost a week at his home in wilmington preparing. and when he is prepared, he is much better in that he doesn't make those same gaffes. when he nose what it is that he needs to say and he's not going off the cuff in this style, he does better. >> on thursday, joe biden went aggressively after governor romney on taxes. let's take a look at that. >> you just never know what game or what position governor romney's going to com
did the vice president give critics an opening when he talked about a tax hike. let's listen. >> you know the phrase they always use? obama and biden want to raise taxes by a trillion dollars. guess what? yes, we do, in one regard. we want to let that $1 trillion tax cut expire so the middle class doesn't have to bear the burden of all the money going to the super-wealthy. >> does the vice president's style create a risk for the democratic ticket? >> he does. you know, it's...
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Oct 12, 2012
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they pay more effective tax than governor romney pays in his federal income tax. they are elderly people who are, in fact, living off social security. they're veterans and people fighting in afghanistan right now who are, quote, not paying any taxes. i've had it up to here with with this notion that 47% of -- it's about time they take some responsibility here. instead of signing pledges to grover norquist not to ask the wealthiest among us not to contribute to bring back the middle class, they should be signing a pledge saying to the middle class, we're going to level the playing field. >> that issue of taxes and which side wants to raise them and which side wants to cut them and on whom, that sparked one of the more spirited moments in tonight's debate. >> there aren't enough rich people in small businesses to tax to pay for all their spending. the next time you hear them say, don't ware aboutorry about it, a few people to pay their share, watch out. they're coming for you. you can preserve these important preferences. >> it has never been done before. >> it's be
they pay more effective tax than governor romney pays in his federal income tax. they are elderly people who are, in fact, living off social security. they're veterans and people fighting in afghanistan right now who are, quote, not paying any taxes. i've had it up to here with with this notion that 47% of -- it's about time they take some responsibility here. instead of signing pledges to grover norquist not to ask the wealthiest among us not to contribute to bring back the middle class, they...
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Oct 10, 2012
10/12
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WUSA
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obama's message which was mitt romney was dishonest in the debate he didn't tell the truth about his tax plan he tried to get away from some of the positions he took in the past. >> i expect kermit to come out and attack obama. the obama team has run a competent technical campaign got rattled. they are trying to find their groove. on one hand they want to talk flipflops. then extremism. they have to come out with one theme. >> let me ask you about something mitt romney said yesterday. he was with "the des moines register" in iowa and talking about abortion rights. he said quote there's no legislation with regards to abortion that i'm familiar with that would be part of my agenda. then several hours later his spokesperson said governor romney would of course support legislation aimed at providing greater protections tore life. what is the mitt romney position going back and forth. he's not on the same page. >> hopefully the campaign will get on page with him. he's doing great. >> he said during the republican primary debate he would work to overturn roe v. wade and defund planned parentho
obama's message which was mitt romney was dishonest in the debate he didn't tell the truth about his tax plan he tried to get away from some of the positions he took in the past. >> i expect kermit to come out and attack obama. the obama team has run a competent technical campaign got rattled. they are trying to find their groove. on one hand they want to talk flipflops. then extremism. they have to come out with one theme. >> let me ask you about something mitt romney said...
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Oct 7, 2012
10/12
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FOXNEWS
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a 5 trillion dollar tax cut. if you believe that we can cut taxes by 5 trillion dollars, you don't come close to paying for 5 trillion dollars in tax cuts and two trillion in additional military speck. >> let me repeat what i said. i'm not in favor of a 5 trillion dollar tax cut, that he not my plan, my plan is not to put-- >> and there's back checking what that means now. >> mitt romney is going to need to get very, very specific. people are tired of ambu get and he did talk about the deductions and more detail. he's going to need to be prepared with barack obama to come out with this stuff. independent voters are listening. generally independent voters do not like muscling from left to right and right to left. what they're interested in it is solutions. if president obama is going to pick on mitt romney he better well have some forward thinking and explain what he's going to do differently the next four years to make him wore thif of getting reelected. if they are the same policies that 114,000 jobs a month is
a 5 trillion dollar tax cut. if you believe that we can cut taxes by 5 trillion dollars, you don't come close to paying for 5 trillion dollars in tax cuts and two trillion in additional military speck. >> let me repeat what i said. i'm not in favor of a 5 trillion dollar tax cut, that he not my plan, my plan is not to put-- >> and there's back checking what that means now. >> mitt romney is going to need to get very, very specific. people are tired of ambu get and he did talk...
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Oct 6, 2012
10/12
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KNTV
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is trying to neutralize the attack, over his comments regarding 47% of americans not paying income tax. and see themselves as victims. a view he now disavows. >> sometimes you say something completely wrong. >> reporter: only three weeks ago he said the comments were not elegantly stated. now he disavows the comments, perhaps in time for the debate when president obama is expected to be ready for attack. >> thank you. >>> sue herrera has visited us from cnbc headquarters today here in our studios, by the way, the markets reacted in a big way today as job news, stocks closed at the highest level today in nearly five years, as you sue, know, all too well. what does it mean? >> i think it was a good report in one sense in that the economy is continuing to add jobs, but it was not a great report. we need to continue to see better numbers than this. 150 or 200,000 new jobs created for the next few months to get us back to levels of much better employment. it is a start, but not a great report. it is a start but not a good report. >> as we saw in andrea's set-up piece, the combination of the
is trying to neutralize the attack, over his comments regarding 47% of americans not paying income tax. and see themselves as victims. a view he now disavows. >> sometimes you say something completely wrong. >> reporter: only three weeks ago he said the comments were not elegantly stated. now he disavows the comments, perhaps in time for the debate when president obama is expected to be ready for attack. >> thank you. >>> sue herrera has visited us from cnbc...
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. >> taxes. >> taxes. >> taxes. >> taxes. >> taxes. >> taxes, taxes, taxes. >> taxes. >> tax, tax, tax. >> tax. >> tax, tax. >> tax. >> tax, tax, tax, tax, tax. >> let me talk specifically about taxes. [ laughter ] >> jimmy: and now to sports, or as it's said in reverse strops. [ light laughter ] a group of people who hate field goal posts demonstrated their rage at a recent game. [ light laughter ] no people were injured but the field goal post is in critical condition -- [ laughter ] now, to "tick-tock tech talk," your source for the latest in technology development. here to give his review of the iphone 5 is tech correspondent, greg laspo. greg? >> thank you, jimmy. where do i begin with the iphone 5? let's start with my favorite feature right here on the back of the phone -- new 8 mega pixel camera. this thing takes stills and -- [ phone rings ] excuse me, jimmy. hello? what? oh, no. oh, i'm so sorry. wow. okay. thank you. bye. >> jimmy: everything okay, greg? >> my cousin's horse choked on a hot dog. [ laughter ] >> jimmy: i'm sorry to hear that. [ laughter ] >> that's okay. i hat
. >> taxes. >> taxes. >> taxes. >> taxes. >> taxes. >> taxes, taxes, taxes. >> taxes. >> tax, tax, tax. >> tax. >> tax, tax. >> tax. >> tax, tax, tax, tax, tax. >> let me talk specifically about taxes. [ laughter ] >> jimmy: and now to sports, or as it's said in reverse strops. [ light laughter ] a group of people who hate field goal posts demonstrated their rage at a recent game. [ light laughter ] no people...
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Oct 12, 2012
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WJLA
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they pay more effective tax than governor romney pays in his federal income tax. >> reporter: ryan went after president obama for his response to the u.s. consulate attack in libya. >> it took the president two weeks to acknowledge that this was a terrorist attack. >> reporter: while biden challenged ryan's proposed changes to medicare. >> you are jeopardizing the program. you're changing the program from a guaranteed benefit. >> reporter: it was a more heated back and forth than the first presidential debate. and biden often laughed at ryan's arguments. >> joe biden understood tonight he had to go back out there and do what president obama failed to do last week. >> reporter: with the race still tight for president obama and mitt romney, watched closely. >> i thought joe biden was terrific tonight. i couldn't be prouder of him. >> reporter: and in the end, the running mates shared a few laughs. >> i think the vice president very well knows that sometimes the words don't come out of your mouth the right way. >> i always say what i mean. >> reporter: that got a lot of laughs last night.
they pay more effective tax than governor romney pays in his federal income tax. >> reporter: ryan went after president obama for his response to the u.s. consulate attack in libya. >> it took the president two weeks to acknowledge that this was a terrorist attack. >> reporter: while biden challenged ryan's proposed changes to medicare. >> you are jeopardizing the program. you're changing the program from a guaranteed benefit. >> reporter: it was a more heated back...
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Oct 11, 2012
10/12
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KICU
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that's the governor's temporary tax increase proposal. in addition, they are also calling on voters to approve prop 36, which would modify the three strikes law to keep nonviolent offenders to being sentenced to prison. they also want voters to approve prop 34, which would end the death penalty. >>> a man accused of kidnapping, and sexually assaulting a young girl pleaded not guilty in a san mateo county court today. prosecutors say he walked on park side elementary school on september 21 and grabbed a girl from the bathroom. they say he carried her off campus, where he assaulted her. dna evidence prompted them to arrest him. >>> the fallout from the highly publicized ordeal is not over. ktvu's rob roth tells us now the district attorney is asking mirkarimi to excuse himself. >> i'm calling upon ross mirkarimi to recuse himselfs from the duties in his office to the custody, supervision, safety, and rehabilitation of domestic violent offender. >> reporter: the sheriff's department has run domestic violence programs and counseling for abuse
that's the governor's temporary tax increase proposal. in addition, they are also calling on voters to approve prop 36, which would modify the three strikes law to keep nonviolent offenders to being sentenced to prison. they also want voters to approve prop 34, which would end the death penalty. >>> a man accused of kidnapping, and sexually assaulting a young girl pleaded not guilty in a san mateo county court today. prosecutors say he walked on park side elementary school on september...
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Oct 11, 2012
10/12
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WJLA
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$2,000, while giving a tax break of $250,000 to multimillionaires. doesn't mitt romney understad we can't rebuild america by tearing down the middle class. priorities usa action is responsible for the conontt of this advertising. >> live and in hd, this is an abc 7 news update. >> good morning. it is 7:26. i am cynne simpson. a grandmother and four children when flames ripped through their baltimore home. broke out before 2:00 morning. authorities say the children who were one, too, four and old. years man and two firefighters hurt. l people able to escape. word on what sparked the fire. and the nationals have to win against the cardinals if they want to keep playoff this july. were beat 8-0 yesterday. news channel 8 has more coming just an in-depth reporting minutes. out what is on the roads, angelo foster. multiple volume. in virginia, east of lanes open geared also inside the beltway. 95 moving well and to a solid backup on 395 heading to the 14th bridge. the maryland beltway, a couple earlier accidents. o 270. from 95 t >> it is going to be coole
$2,000, while giving a tax break of $250,000 to multimillionaires. doesn't mitt romney understad we can't rebuild america by tearing down the middle class. priorities usa action is responsible for the conontt of this advertising. >> live and in hd, this is an abc 7 news update. >> good morning. it is 7:26. i am cynne simpson. a grandmother and four children when flames ripped through their baltimore home. broke out before 2:00 morning. authorities say the children who were one, too,...
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Oct 6, 2012
10/12
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KRCB
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wealthy huge new tax breaks? because, according to experts, he'd have to raise taxes on the middle class, or increase the deficit to pay for it. if we can't trust him here, how can we ever trust him here? >> brown: meanwhile, on the fox news channel last night, romney reversed course on his remark that 47% of americans don't pay taxes and, in his words, are dependent on government, so he couldn't worry about them and their votes. >> in this case, i said something that's just completely wrong. and absoluly believe, however, that my life has shown that i care about the 100% and that has been demonstrated throughout my life. this whole campaign is about the 100%. when i become president, it'll be about helping the 100%. >> brown: still, president obama was having none of it. >> from the day we began this campaign, we've always said that real change takes time. it takes more than one year or one term, or even one president. it takes more than one party. it certainly can't happen if you're willing to write off half th
wealthy huge new tax breaks? because, according to experts, he'd have to raise taxes on the middle class, or increase the deficit to pay for it. if we can't trust him here, how can we ever trust him here? >> brown: meanwhile, on the fox news channel last night, romney reversed course on his remark that 47% of americans don't pay taxes and, in his words, are dependent on government, so he couldn't worry about them and their votes. >> in this case, i said something that's just...
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the city is considering a one cent per ounce tax on sugary drinks. >>> next, 10 months after a domestic violence incident, suspended sheriff ross mirkarimi could learn his fate today. >>> fitness and fuel efficiency. the new connection between your weight and how much gas you pump into yo
the city is considering a one cent per ounce tax on sugary drinks. >>> next, 10 months after a domestic violence incident, suspended sheriff ross mirkarimi could learn his fate today. >>> fitness and fuel efficiency. the new connection between your weight and how much gas you pump into yo
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Oct 7, 2012
10/12
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WBAL
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maryland perry hall high school for at least three years and prove they or their parents pay state taxes. opponents say the law would be a financial burden on the state. they collected signatures to force the issue on to the november ballot. a recent poll of more than 800 registered voters found that 58% support the measure and 34% oppose it. >> hundreds of volunteers were hard at work in baltimore saturday for the annual day of service. the annual ricky myers day of service is run by the non-profit civic works, the 10th year for the event. volunteers helped plant gardens, clean up parks and sort through donated goods. >> the main focus of our day and focus of ricky myers life was to celebrate volunteerism and that's what makes a day like today when 400 of us get together really special. >> since its inception, close to 30,000 people have volunteered with civic works. 7:06 and 51 degrees at the airport. a new study reveals pot use his increased among teens. >> and an army veteran thought he was a shoo-in for a new position. coming up, the policy that kicked him out of the running. >> and
maryland perry hall high school for at least three years and prove they or their parents pay state taxes. opponents say the law would be a financial burden on the state. they collected signatures to force the issue on to the november ballot. a recent poll of more than 800 registered voters found that 58% support the measure and 34% oppose it. >> hundreds of volunteers were hard at work in baltimore saturday for the annual day of service. the annual ricky myers day of service is run by the...
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Oct 11, 2012
10/12
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KRON
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the threat needlessly interferes with a system that oakland has set up for a licensing and collecting taxes for pop clubs. --pot >> coming up next more headlines that are local. and a live look outside from the mt. tam camp. there is still a layer of fog near the coast with high foclouds up above. we'll be back in just a moment. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ >> i think the biggest thing is that i will definitely try to go into a normal start but in the back of the mind your thinking about hasten elimination game anyone of us can go home. >> the deciding game is sennight at 10 07 a.m. today. >> the oakland a's will live another day! >> they oakland a's taking game 4 in dramatic
the threat needlessly interferes with a system that oakland has set up for a licensing and collecting taxes for pop clubs. --pot >> coming up next more headlines that are local. and a live look outside from the mt. tam camp. there is still a layer of fog near the coast with high foclouds up above. we'll be back in just a moment. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months...
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Oct 13, 2012
10/12
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and other taxes, and at an effective rate higher than romney pays his taxes. over 10% of them are senior citizens on social security. the rest are disabled vets and veterans and military personnel fighting now. that's the 47%. the 47% this nation depends on to build this country. folks, it's about time governor romney takes some responsibility. takes some responsibility to help the american people in the middle class, instead of lining up to sign a pledge to a guy named grover norquist. >> for me, one of my favorite moments in the debate was him pointing out the effective rate romney pays compared to what other people in the real world pay. i'm not sure how many people jumped on that as their favorite little moment. >> you and me, lawrence. >> but biden and is finding more effective ways of isolating that romney tax return 14% number. >> and it wasn't just that. biden i thought actually figured out what obama didn't figure out a week before, which is how to deal with the romney/ryan ticket on taxes and on medicare and on social security. the strategy thus far
and other taxes, and at an effective rate higher than romney pays his taxes. over 10% of them are senior citizens on social security. the rest are disabled vets and veterans and military personnel fighting now. that's the 47%. the 47% this nation depends on to build this country. folks, it's about time governor romney takes some responsibility. takes some responsibility to help the american people in the middle class, instead of lining up to sign a pledge to a guy named grover norquist....
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Oct 12, 2012
10/12
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CNNW
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and now another reality check on mitt romney's tax plan. >> they fought a lot about the romney tax plan. ryan said you could have 20% income tax rate cuts across the board, remain deficit neutral without eliminating deductions that benefit the middle class. listen. >> you can cut tax rates by 20%. >> not mathematically possible. >> it is mathematically possible. >> the facts, nonpaern tax policy center says given what we know about romney's plan, it's not possible to cut rates as much as he would like without eliminating deductions that would affect the middle class. you can't do it without changing rules on taxes, which the romney campaign said it will not do. our verdict here is false according to the tax policy center, this cannot be done. another subject, the auto bailout. the vice president made the claim that mitt romney said let detroit go bankrupt. >> w immediately went out and rescued general motors, went ahead and made sure we cut taxes for the middle class. in addition to that, when that occurred, what did romney do? romney said, no, let detroit go bankrupt. >> romney penned
and now another reality check on mitt romney's tax plan. >> they fought a lot about the romney tax plan. ryan said you could have 20% income tax rate cuts across the board, remain deficit neutral without eliminating deductions that benefit the middle class. listen. >> you can cut tax rates by 20%. >> not mathematically possible. >> it is mathematically possible. >> the facts, nonpaern tax policy center says given what we know about romney's plan, it's not possible...
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Oct 13, 2012
10/12
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KGO
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like whether tax rates can be lowered without adding to the deficit. >> not mathematically possible. >> it is mathematically possible. it's been done before. it's precisely what we're proposing. >> it has never been done before. >> it's been done a couple of times, actually. >> it has never been done before. >> jack kennedy lowered tax rates, increased growth. ronald reagan -- >> oh, now you're jack kennedy? >> reporter: biden went right at ryan over mitt romney's controversial comments calling 47% of americans who don't pay income taxes irresponsible. >> the idea, if you heard that, that little soliloquy on 47%, you think he just made a mistake, then i got a bridge to sell you. >> i think the vice president very well knows sometimes the words don't come out of your mouth the right way. >> but i always say what i mean. >> reporter: when biden wasn't talking, he seemed oddly amused. by our count -- smiling or breaking out in laughter 92 separate times. expressive, often interrupting and occasionally personal. >> this is a bunch of stuff. look, here's the deal. >> what does that mean,
like whether tax rates can be lowered without adding to the deficit. >> not mathematically possible. >> it is mathematically possible. it's been done before. it's precisely what we're proposing. >> it has never been done before. >> it's been done a couple of times, actually. >> it has never been done before. >> jack kennedy lowered tax rates, increased growth. ronald reagan -- >> oh, now you're jack kennedy? >> reporter: biden went right at ryan...
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Oct 8, 2012
10/12
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WUSA
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>> in the context of comprehensive tax reform everything should be looked at. we have to recognize we have a $1 trillion annual deficit. unless we deal with ways of getting revenue and cut spending we'll be in a bad situation in our country for quite some time. carried interest shouldn't be singled out. everything shoulgd be looked at. >> due agree it should be taken out. everything should be looked at. but with respect to carried interest. >> carried interest won't solve the problem. we have a $1 trillion annual deficit. carried interest would carry about one tenth of 1%. we should solve the deficit. >> it sounds like you say keep it. >> i'm saying look at everything but look at it in the context what it will kofl. our bigger is not carried interest it's the deficit and the $16 trillion of debt. that's a far greater problem. >> what would you do and what would you recommend whoever the next president do to solve the fiscal cliff crisis? >> first what i would recommend and again i was in government and i didn't solve all these problems so i'm not a person that
>> in the context of comprehensive tax reform everything should be looked at. we have to recognize we have a $1 trillion annual deficit. unless we deal with ways of getting revenue and cut spending we'll be in a bad situation in our country for quite some time. carried interest shouldn't be singled out. everything shoulgd be looked at. >> due agree it should be taken out. everything should be looked at. but with respect to carried interest. >> carried interest won't solve the...
WHUT (Howard University Television)
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Oct 12, 2012
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WHUT
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. >> he took that on the chin but little else from afghanistan to syria, medicare to taxes, neither man was giving ground. >> and still preserve the middle class -- >> not mathematically possible. >> it is. it's been done before. >> it has never been done before. >> it has been done a couple times before. >> now you're jack kennedy? >> but there was an under current of mutual respect and when it ended the two families joined them on stage. in the polls they were wondering if this man did enough to restore team obama's confidence. >> 10 years ago indonesia underwent the boly bombings many torturists from pretty much all over the world. survivors have been back to bomby to commemorate the anniversary. security was tight after they were warned of attacks. >> 10 years on. and the emotions are still raw. for some, the memorys are too much to bear. looking at the photos of those who died, australian and indonesiain' leaders stayed extremists tried to sew hatred between them, but failed. >> terrorists have killed and maimed thousands around the world but they will never sundayer or displace a
. >> he took that on the chin but little else from afghanistan to syria, medicare to taxes, neither man was giving ground. >> and still preserve the middle class -- >> not mathematically possible. >> it is. it's been done before. >> it has never been done before. >> it has been done a couple times before. >> now you're jack kennedy? >> but there was an under current of mutual respect and when it ended the two families joined them on stage. in the...
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they want the irs to tax them. plus, hear from the man planning a death-defying recordsetting jump from the edge of space. >>> a campus police officer shot and killed this 18-year-old freshman at the university of south alabama yesterday. school officials say gilbert collar rushed the officer several times and kept threatening him. he reportedly was make ed and abbinging eradically. his friends remembered a different student. >> you could ask anyone that knew him. he was a great, loving guy. always made people smile. you know, is not the kind of guy that people move him and said he would do something like this. >> i want to bring in cnn legal contributor paul cowen joining us from new york. paul, good morning. >> good morning, randi. >> the victim in this case is 18 years old. he was a college freshman. considering the circumstances, he was apparently, reportedly, make ed. wouldn't they have been able to see that he wasn't armed? i mean, why do you think it led to something like this? >> you know, randi, the early
they want the irs to tax them. plus, hear from the man planning a death-defying recordsetting jump from the edge of space. >>> a campus police officer shot and killed this 18-year-old freshman at the university of south alabama yesterday. school officials say gilbert collar rushed the officer several times and kept threatening him. he reportedly was make ed and abbinging eradically. his friends remembered a different student. >> you could ask anyone that knew him. he was a great,...
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FBC
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his point was millionaires don't need tax breaks, the wealthy don't need tax breaks and those tax breaks will not animate our economy further. what we have to make sure the middle-class taxes stay low and the challenging issue was let us vote on the middle-class tax cut. >> congressman paul ryan in ohio, vice president joe biden traveled to ryan's home state of wisconsin. thank you. dennis: thank you. at least one poll gives vice president biden a victory last night according to a cbs poll, 50% of uncommitted voters say vice president biden when the debate according to 31% for paul ryan. washington research joins us now. in the end, is this debate going to be the thing that makes the difference? >> absolutely not. by the end of today we will not even be talking about the debate. we'll be talking forward to next week's presidential debate. dennis: is one reason biden may have seemed to win the debate because he did not have a major gaffe and we were waiting and wondering for it? >> you can say that about all sides. they played to their base, trying to declare victory, neither one of them
his point was millionaires don't need tax breaks, the wealthy don't need tax breaks and those tax breaks will not animate our economy further. what we have to make sure the middle-class taxes stay low and the challenging issue was let us vote on the middle-class tax cut. >> congressman paul ryan in ohio, vice president joe biden traveled to ryan's home state of wisconsin. thank you. dennis: thank you. at least one poll gives vice president biden a victory last night according to a cbs...
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is my middle class tax cut going away, is my home mortgage deduction going away. that matters. >> did he mention he drank so much water? look at the montage here of at least seven occasions, which is not a whole lot by any means where ryan keeps on gluging in a very nervous, repetitive way. it's always the same technique. the lean over, long stare into the cup, boom. i was amazed he kept it all in. what did you make of his extraordinary water intake? because joe biden didn't drink at all. >> i think staying hydrated is really important. yeah, i think that joe biden has been in politics forever. he's very comfortable in a debate setting. paul ryan is a younger guy and i think he did a really great job holding his own in a debate that was predominantly foreign policy which has been joe biden's kind of wheelhouse during his entire long career in politics. you know, for me, for paul ryan to hold his own in that kind of environment, even if he's got to drink a lot of water to kind of keep cool and just stay level-headed, i think he did a good job. i'm proud that paul r
is my middle class tax cut going away, is my home mortgage deduction going away. that matters. >> did he mention he drank so much water? look at the montage here of at least seven occasions, which is not a whole lot by any means where ryan keeps on gluging in a very nervous, repetitive way. it's always the same technique. the lean over, long stare into the cup, boom. i was amazed he kept it all in. what did you make of his extraordinary water intake? because joe biden didn't drink at all....
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Oct 12, 2012
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federal income tax. they're elderly people who are living off of social security. they're veterans and people fighting in afghanistan right now who are, quote, not paying any taxes. i've had it up to here with this notion that 47% -- it's about time they take some responsibility here and instead of signing pledges to grover nor quist not to ask the wealthiest among us to contribute to bring back the middle class, they should be signing a pledge saying to the middle class saying we're going to level the playing field. we're going to give you a fair shot again. >> all right. jessica, do you think this was mission accomplished for biden? >> reporter: that was what he came there to do. the democrats wanted the vice president to come in and make the economic case for the obama ticket over the romney ticket and bring up that 47% to make all those angry democrats who were disappointed that the president didn't do it at the last debate. stop complaining and feel better and the vice president did it in that answe
federal income tax. they're elderly people who are living off of social security. they're veterans and people fighting in afghanistan right now who are, quote, not paying any taxes. i've had it up to here with this notion that 47% -- it's about time they take some responsibility here and instead of signing pledges to grover nor quist not to ask the wealthiest among us to contribute to bring back the middle class, they should be signing a pledge saying to the middle class saying we're going to...
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taxes, doyle. one of the things they were -- will argue about is who will cut your taxes and raise your taxes. how do we see this play out on the stage at the debate last night? in a way that it mirrors what we've been seeing on the campaign trail? >> well, you had a serious debate over taxes. one of the things i think jeff is absolutely right. that debate between the vice-presidential candidates was about reaffirming the argument of each side's partisan base. if the word "bipartisan" was spoken during that debate, i missed it. gwen: no. it was spoken. but it was spoken by paul ryan. making the case that that's how they can solve problems. >> arguing that it could be bipartisan but paul ryan was actually going back to the republicans' 2010 playbook. where it was all about lower spending and tax cuts. joe biden was sticking to the -- the attack line of the obama campaign which is that mitt romney's tax cuts don't work. he must be hiding some details. he's trying to pull the wool over your isles. gwe
taxes, doyle. one of the things they were -- will argue about is who will cut your taxes and raise your taxes. how do we see this play out on the stage at the debate last night? in a way that it mirrors what we've been seeing on the campaign trail? >> well, you had a serious debate over taxes. one of the things i think jeff is absolutely right. that debate between the vice-presidential candidates was about reaffirming the argument of each side's partisan base. if the word...
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there are new taxes. as far as the pipeline, that is something the obama administration will revisit after the election. they cut off the decision, and that is something president obama said they would look at that again. host: john in north carolina tweets in, extend the mall, or repeal the mall. we cannot continue to always tax the other guy. here's a question from twitter. we will lobbyist be present during this sequence -- secret meeting. guest: it is a very good question can i do not know who is on tap today, but i do know that the gang has a lot of friends and allies and freelance members of the senate that come in and come out of meetings enjoying immense sum of these discussions. -- and joined in on some of these discussions. there have been meetings with stakeholders. i do not know if you would call them lobbyists, but business leaders, others that could provide input, and that is probably a good question to do some digging on, to see the role that lobbyists are playing because we know that tax l
there are new taxes. as far as the pipeline, that is something the obama administration will revisit after the election. they cut off the decision, and that is something president obama said they would look at that again. host: john in north carolina tweets in, extend the mall, or repeal the mall. we cannot continue to always tax the other guy. here's a question from twitter. we will lobbyist be present during this sequence -- secret meeting. guest: it is a very good question can i do not know...
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and we need to have tax reform, and we have to have tax reform that raises enough revenue to lower tax rates and go to reducing future budget deficits. if we don't get budget deficits down, lower tax rates won't help us get the economy going. >> do you think it's fair to say -- romney/ryan say a 3% growth is reasonable. do you think it is. for any of this math to work out. the argument of whether they can cut taxes and close loopholes, they are counting on economic growth to be part of making up that difference. will it? >> you can't say for sure. good tack policy matters. not the only thing that matters, and you have to have disciplined economic policy. we have a serious threat to the economy from existing and projected debt, it's different from the era of ronald reagan, that debt is not being driven by annual decisions, it's being driven by large, entitlement spending programs. you can't just do it with taxes, you have to pair it with real aggressive entitlement reform. honestly, one more thing. little changes matter. and people don't appreciate it. first 200 years of u.s. existence,
and we need to have tax reform, and we have to have tax reform that raises enough revenue to lower tax rates and go to reducing future budget deficits. if we don't get budget deficits down, lower tax rates won't help us get the economy going. >> do you think it's fair to say -- romney/ryan say a 3% growth is reasonable. do you think it is. for any of this math to work out. the argument of whether they can cut taxes and close loopholes, they are counting on economic growth to be part of...
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ta >> for 18 months he's been running on this tax plan. now five months before the election he's saying his big, bold idea is never mind. >> mr. president obama, you're entitled to your own airplane and own house, but not the facts. >> i think it's safe to say the president got trounced. it was the ugliest night. >> the president is going to have to stand up and deliver. he still has a big lead in a couple of key states, but that lead will evaporate quickly. >> he has to step it up. before the debate, we had a new nbc news wall street marist poll. the president up eight points among likely voters in ohio but just two points in virginia and statistically tied in virginia. >> as the late great tim russert would say, it comes down to one state for the romney campaign -- ohio, ohio, ohio. >> now, afghanistan is always in our thoughts. but last week, there was a special incredibly disturbing milestone. the total number of u.s. military deaths in the war eclipsed the 2,000 mark. and tomorrow marks the 11th anniversary of the war in afghanistan.
ta >> for 18 months he's been running on this tax plan. now five months before the election he's saying his big, bold idea is never mind. >> mr. president obama, you're entitled to your own airplane and own house, but not the facts. >> i think it's safe to say the president got trounced. it was the ugliest night. >> the president is going to have to stand up and deliver. he still has a big lead in a couple of key states, but that lead will evaporate quickly. >> he...
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lying about the cost of your tax plan, you're proposed tax reforms. so far you haven't released a lot of specifics about eliminating various loopholes or you've said your tax cuts would be revenue neutral you wouldn't add to the deficit. let's go through how you would do that. specifically home mortgage deductions, charitable mortgage contributions. are you ready to remove those? what's going on? >> well, i've made pretty clear that my prirnls are number one simplify the code. number two, create incentives for small and large businesses to grow. number three, don't reduce the burden on high income taxpayers. and number four, remove the burden somewhat for middle income people. i don't want to raise taxes on any group of americans. those are the principles. at the same time how we carry them out would be lowering the tax rate across the board and making up for that, both with additional growth and with putting a limit on deductions and exemptions, particularly for people at the high end. those are principles which form the bases of what i would do with
lying about the cost of your tax plan, you're proposed tax reforms. so far you haven't released a lot of specifics about eliminating various loopholes or you've said your tax cuts would be revenue neutral you wouldn't add to the deficit. let's go through how you would do that. specifically home mortgage deductions, charitable mortgage contributions. are you ready to remove those? what's going on? >> well, i've made pretty clear that my prirnls are number one simplify the code. number two,...
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Oct 8, 2012
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i don't have a tax cut that's $4 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers. i think we need more. don't believe me. speaker gingrich was pretty eloquent in running during the primaries and saying mitt romney will say absolutely anything to get elected. >> you know, the thing is again, robert gibbs is saying this five days late e, four days later. why didn't the president say that the night of the debate? and secondly, i don't know about you guys, but i'm thinking if it was my gut reaction and again, i was harshly critical of mitt romney and i'm a guy that worries first about debt and i always have. i heard mitt romney say i won't pass a tax cut that raises the deficit. sounds pretty much like the romney doctrine to me. that's what i took away from that debate. >> coming up, the mayor of chicago, rahm emanuel joins us. how chicago is going up against san antonio to see which city can get healthier, first. and up next, a new pbs documentary goes behind the scenes of the presidential campaigns for the person
i don't have a tax cut that's $4 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers. i think we need more. don't believe me. speaker gingrich was pretty eloquent in running during the primaries and saying mitt romney will say absolutely anything to get elected. >> you know, the thing is again, robert gibbs is saying this five days late e, four days later. why didn't the president say that the night of the debate? and secondly, i don't...
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what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut. pay no attention to that tax cut under the carpet behind the curtain. when he's asked how he'll cut the deficit, he says he can make the math work by eliminating local public funding for pbs. now, by the way, this is not new. this is what he's been saying every time he's asked the question. well, we can cut out pbs. so for all you moms and kids out there, don't worry. somebody's finally getting tough on big bird. you know, who knew he was driving our deficit? so we're going after -- he's decided we're going after big bird and elmo's making a run for the border and oscar's hiding out in the trash can and governor romney wants wall street to run wild again but bring down the hammer on sesame street. look, that is not leadership. that's salesmanship. we can't afford it. we can't afford to double down on top down economics. we can't afford another round of tax cuts for the wealthy. we can't afford to roll back regulations on wall street banks or on insurance companies. we can't afford to
what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut. pay no attention to that tax cut under the carpet behind the curtain. when he's asked how he'll cut the deficit, he says he can make the math work by eliminating local public funding for pbs. now, by the way, this is not new. this is what he's been saying every time he's asked the question. well, we can cut out pbs. so for all you moms and kids out there, don't worry. somebody's finally getting tough on big bird. you...
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was given all the bad assets remember it the good assets were transferred to jersey or some offshore tax a friend and that was given to the lord knows who but probably j.p. morgan or goldman sachs and in the u.s. one of the banks mentioned the next to go under is morgan stanley so morgan stanley may have a lot of retail brokers they'll go bankrupt because their balance sheet is worth negative billions and they'll end up working for j.p. morgan along with a's greenberg memories to be embarrassed turns famous broker from the 1980's a little known fact well so they're implementing fiscal tightening as well this is another issue that i'm at says the europeans have to do more fiscal tightening again that's austerity we see the results in greece we see the results in spain and this is the austerity is imposed that's basically the bad bank the bad assets in spain certainly all the bad mortgage debts were transferred to the taxpayer in ireland all the bad mortgages debts of these small group of the the golden circle were transferred to the taxpayer in ireland and they've been chalak well look th
was given all the bad assets remember it the good assets were transferred to jersey or some offshore tax a friend and that was given to the lord knows who but probably j.p. morgan or goldman sachs and in the u.s. one of the banks mentioned the next to go under is morgan stanley so morgan stanley may have a lot of retail brokers they'll go bankrupt because their balance sheet is worth negative billions and they'll end up working for j.p. morgan along with a's greenberg memories to be embarrassed...
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and let's abolish the irs and eliminate income tax and corporate tax. we'll reboot the american economy tens of millions of jobs get created in a zero corporate tax rates environment. >> jill, starting with you, if you can stick to a minute, how would you fix the struggling economy? >> well, we think this doesn't need to be guesswork. we have experience creating jobs in the worst economy the country has ever known during the great depressi depression. we created jobs by directly creating them, not by providing tax breaks for the wealthy or not by ending a tax system entirely which would basically turn the country over to the despair, the unemployment, you know, the problems that we have. we need government to step in where the private sector is unwilling and to see create jobs. >> same question -- unwilling and unable to create jobs. >> same question, gary, in one minute if you can do it. >> first we have to balance the federal budget. if we don't do, that we'll find ourselves in a monetary collapse, in a monetary collapse, simply, when the dollars we h
and let's abolish the irs and eliminate income tax and corporate tax. we'll reboot the american economy tens of millions of jobs get created in a zero corporate tax rates environment. >> jill, starting with you, if you can stick to a minute, how would you fix the struggling economy? >> well, we think this doesn't need to be guesswork. we have experience creating jobs in the worst economy the country has ever known during the great depressi depression. we created jobs by directly...
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on to taxes. if your ticket is elected, who will pay more and who will pay less in taxes, vice president? >> the middle class will pay less and people making a ll dollars will pay slightly more. the continueuation of the bush tax cuts, we're arguing the tax cuts for the wealthy should be allowed to expire. $800 billion of that goes to people making a minimum of $1 million. we see no justification, they're not asking for this continued tax cut or suggesting it. but my friends are insisting only it. 120,000 families, by continuing that tax cut, will get an additional $500 billion in tax relief in the next ten years. we want to extend permanently the middle class tax cut permanently, from the bush middle class tax cut. these guys won't allow us to. we say let's have a vote on the middle class tax cut and have a vote on the upper tax cut. let's vote on it. they're staying no. they're holding hostage the middle class tax cut to the super wealthy. on top of that, they've got another tax cut coming that'
on to taxes. if your ticket is elected, who will pay more and who will pay less in taxes, vice president? >> the middle class will pay less and people making a ll dollars will pay slightly more. the continueuation of the bush tax cuts, we're arguing the tax cuts for the wealthy should be allowed to expire. $800 billion of that goes to people making a minimum of $1 million. we see no justification, they're not asking for this continued tax cut or suggesting it. but my friends are insisting...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> aouncer: meet tom, a proud dad whose online friends all "like" the photos he's posting. oscar likes tom's photos, but he loves the access to tom's personal information. oscar's an identity thief who used tom's personal fo to buy new teeth and a new car, and stuck tom with the $57,000 bill. [tires squeal] now meet carl who works from the coffee shop and uses the free wi-fi. marie works from there too. she's an identity thief who used a small device to grab his wi-fi signal, then stole enough personal information to hijack and drain his bank accounts. every yemillions of americans learn all it may take to devastate your life is a little personal information in the wrong hands. this is identity theft and no one helps stop it better than lifelock. lifelock offers the most comprehensive identity theft protecti
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> aouncer: meet tom, a proud dad whose online friends all "like" the photos he's posting. oscar likes tom's photos, but he loves the access to tom's personal information. oscar's an identity thief who...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> i'm wolf blitzer. here's a look at what's ahead in the next couple of hours. we're learning new details on what the vice president joe biden is doing to prepare for tomorrow night's debate. also, our john king is focusing in on a key group of ohio voters who could decide the election. and forget funding big bird. what about joe biden's favorite ride? we're talking amtrak. we'll explain. stand by. you're in "the situation room." >>> with just 27 days to go until the election, democrats say mitt romney is running to the political center as fast as he can. among other things, they're pointing to romney's comments today about abortion. here's a quick snapshot. >> mitt romney said "there's no legislation with regards to abortion that i'm familiar with that would become part of my agenda." and that statement d
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> i'm wolf blitzer. here's a look at what's ahead in the next couple of hours. we're learning new details on what the vice president joe biden is doing to prepare for tomorrow night's debate. also, our john...
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he was on television a couple of weeks ago and he was asked to explain governor romney's tax plan. he said, i don't have enough time to explain it. it's too complicated. he's got 90 minutes tonight so hopefully he'll have enough time to explain it and explain how they're not going to explode the deficits and put a big new burden on the middle class. >> we see a number of battleground stake polls out this morning including those by cbs news and "the new york times" that show a tightening of the contest in several of these states. can joe biden tonight stop the slide in the polls for president obama? >> well, nora, i don't think there's a slide in the polls. i think there was a bump after the debate. i think it was mostly last weekend. as you know, these polls that you conducted don't measure the days since the debate, they measure what happened from before the debate to after. so i don't think there's big momentum. there's no doubt that governor romney collected a couple of points, mostly of republican leaning independents as a result of the last debate. what i think the vice presid
he was on television a couple of weeks ago and he was asked to explain governor romney's tax plan. he said, i don't have enough time to explain it. it's too complicated. he's got 90 minutes tonight so hopefully he'll have enough time to explain it and explain how they're not going to explode the deficits and put a big new burden on the middle class. >> we see a number of battleground stake polls out this morning including those by cbs news and "the new york times" that show a...
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let me play that. >> lowering tax rates by broadening the tax base works. >> you haven't given me the math. >> i don't have the -- it would take me too long to go through all of the math. >> i don't want to read into personality, but you can see a common theme when pressed or made uncomfortable. might we see that in two days? >> look, you know, ryan has actually been a liability to the ticket so far. he hasn't comported himself very well in this campaign at all yet. the polls immediately after he was named showed he wasn't a popular choice. his convention speech was pretty rah, rah to the people the in the hall the night it was given. the next day the fact checkers started in on it sliced it to ribbons. he's been a drag on this ticket, but i wouldn't underestimate him as a deet baiter. most people consider him the favorite into the debate. there's no question as governor rendell said that he is going to play with the truth. let's put it that way. he's going to stretch the truth, and biden will challenge him very directly on the ryan budget. i think biden should also with reference to
let me play that. >> lowering tax rates by broadening the tax base works. >> you haven't given me the math. >> i don't have the -- it would take me too long to go through all of the math. >> i don't want to read into personality, but you can see a common theme when pressed or made uncomfortable. might we see that in two days? >> look, you know, ryan has actually been a liability to the ticket so far. he hasn't comported himself very well in this campaign at all...
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favor orphan drugs on "mad money" because the government gives them all sorts of extra goodies, like tax incentives, years of marketing exclusive ift, but best of all, when you have awe drug that treats an ultra rare often lethal condition with no known cure like alexion does, there's basically no limit on how much you can charge for the thing. after all, what price can you put on a human life? alexion is working hard to answer that question because solaris may be the single most expensive drug on earth. a year of treatment can cost more than a half a million dollars. that's why even though not very many people have the blood disorder, solaris is already a billion dollar drug, and at the end of last year it got fda approval for an extremely rare kidney disease that can be deadly. ever since solaris got fda approval back in 7dz, it has been beating the street's expectation. how big could the drug be? for pnh solaris could be $2 billion in sales around the world. this kidney disease could mean an additional $900 million in sales, and plus a treatment for a number of other diseases, and the
favor orphan drugs on "mad money" because the government gives them all sorts of extra goodies, like tax incentives, years of marketing exclusive ift, but best of all, when you have awe drug that treats an ultra rare often lethal condition with no known cure like alexion does, there's basically no limit on how much you can charge for the thing. after all, what price can you put on a human life? alexion is working hard to answer that question because solaris may be the single most...
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and we wonder why there's so much anti-american sentiment in the middle east well i'm glad that the tax rate and personal faith are the most pressing issues facing this country and what they as men would bring to the table nope you didn't hear a peep about drones n.d.a. civil liberties targeted killings torture climate change food safety the list goes on and on look guys vice president biden and congressman ryan may have appeared to have a challenging debate with real differences but that's not the case it's all big facade folks all the corporate media is squabbling over who one no one is talking about who lost us because we're held captive to an illusion the illusion of choice. this week marks one hundred days for the first democratically elected president mohamed morsi of egypt from the outset there were many doubts about whether he'd be able to embody the spirit of the arab spring and take charge of a country tainted with a collapsing economy and weak infrastructure since then morsi has dismantled the overarching rule of the military and ousted former move mubarak loyalists from his
and we wonder why there's so much anti-american sentiment in the middle east well i'm glad that the tax rate and personal faith are the most pressing issues facing this country and what they as men would bring to the table nope you didn't hear a peep about drones n.d.a. civil liberties targeted killings torture climate change food safety the list goes on and on look guys vice president biden and congressman ryan may have appeared to have a challenging debate with real differences but that's not...
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. >> reporter: to taxes. >> why is it that if you take advantage of a tax break and you're a corporation you're a smart businessman. but if you take advantage of something that you need to not be hungry you're a moocher. >> reporter: and even foreign policy. >> it appears that the american foreign policy has been to go into the middle east and try to buy friends. does that ever work? >> yeah, we can buy friends. >> reporter: there were moments you'll likely never see in the presidential debate. >> you just begrudged -- >> you've been begrudging all night. >> no. >> this is nothing but begrudging. >> reporter: there's hair advice for bridging the bipartisan divide in congress. one major snafu of the night, some viewers had difficulties streaming the debate live. there was so much demand it overloaded the servers. >> this whole idea is insanity. >> reporter: prompting tweets like this. your site is more broken than america. the rumble 2012 will soon bel toed by the refund 2012. at a press conference after the debate, bill o'reilly responded and said if fib wants their 4$ 9 $4.95 back they'
. >> reporter: to taxes. >> why is it that if you take advantage of a tax break and you're a corporation you're a smart businessman. but if you take advantage of something that you need to not be hungry you're a moocher. >> reporter: and even foreign policy. >> it appears that the american foreign policy has been to go into the middle east and try to buy friends. does that ever work? >> yeah, we can buy friends. >> reporter: there were moments you'll likely...
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tax cuts set to expire, including the bush tax cuts and the payroll tax cut. combined, all of these things could wipe about 5% growth off the economy, throw us into recession and the tax increases from 90% of americans. >> that sounds like the doomsday scenario. i mentioned there's been a stalemate so far, but the pressure is going to month on both sides to get something done. what's the likelihood we end up falling off this fiscal cliff? >> it's teetering right now. we've got eight senators, democrats and republicans, meeting behind closed doors in mt. vernon trying to come to some sort of a compromise, but there are other people who suggest that if we're allowed to go over the cliff, their negotiating power from both sides gains strength. >> let's break this down to the average person and the average family, all right. describe for me what happens to people at various income levels if all of these things actually fall into place. >> so, we're looking at 6% tax increases across the board, but for the lowest 20% of earners, that's about $400. for the middle ea
tax cuts set to expire, including the bush tax cuts and the payroll tax cut. combined, all of these things could wipe about 5% growth off the economy, throw us into recession and the tax increases from 90% of americans. >> that sounds like the doomsday scenario. i mentioned there's been a stalemate so far, but the pressure is going to month on both sides to get something done. what's the likelihood we end up falling off this fiscal cliff? >> it's teetering right now. we've got eight...
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Oct 8, 2012
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. >> why is it if you take advantage of a tax break and you're a corporation, you're a smart business man. if you take advantage of something you need not to be hungry, you're a moocher. >> reporter: they sparred over health care. >> free market failed. >> you can have government regulation of it, just don't have them run it was be insaid but over the snail's pace of the livestream. after paying $4.95, thousands moved to facebook to complain. >> thank you for coming out to see us. >> reporter: after the debate o'riley and stewart apologized for the technical glitches and offered refunds and then in a show of surprising and unprecedented restraint, no victory dance around the ring. >> i don't think you can look at these things, you know, of this idea it's a match and there's a winner and the winner takes all. >> the display that you saw tonight is why america is america, you know. robust, creative, no holds barred. >> get off. >> reporter: half of the proceeds of that event will be going to various charities chosen by o'riley and stewart. one historical note here, savannah guthrie, its
. >> why is it if you take advantage of a tax break and you're a corporation, you're a smart business man. if you take advantage of something you need not to be hungry, you're a moocher. >> reporter: they sparred over health care. >> free market failed. >> you can have government regulation of it, just don't have them run it was be insaid but over the snail's pace of the livestream. after paying $4.95, thousands moved to facebook to complain. >> thank you for...
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been using a study by princeton economist harvey rosen to back up that romney's plan is paid for by tax cut on middle class but there was pushback from rosen saying he was misrepresented, saying increase in the tax burden on lower and middle income individuals is not required in order to make the overall plan revenue neutral. >> he would be the first to say this is not a monument to one man. >> under backdrop in california today, the president held an official event designating the chavez national monument that may help rally hispanic voters. new politico, george washington university battleground tracking poll of likely voters shows president may have an intensity problem. only 73% support him say they are extremely likely to vote compared to 86% who back romney. >> they know the race has tightened. >> bret: ed henry traveling with the president in california. ed thanks. >>> we are less than a month away from election day. much of the country is already taking part in early voting. we are taking our weekly look at how the electoral college map is shaping up. joining me again today are
been using a study by princeton economist harvey rosen to back up that romney's plan is paid for by tax cut on middle class but there was pushback from rosen saying he was misrepresented, saying increase in the tax burden on lower and middle income individuals is not required in order to make the overall plan revenue neutral. >> he would be the first to say this is not a monument to one man. >> under backdrop in california today, the president held an official event designating the...
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. >> should the miserable comedians be taxed at a higher rate? sandra smith discusses her new book, how to fix america one joe derosa at a time. but first, why is danny devito separating from his woif? i will ask him -- from his woif? i will ask him when i get home. >>> were the photos a big no no? a new york city guidance counselor has been fired after 12 years with a department of en location due to a plus photos of her d cups. tiffany web, whoa, says she posed for bikini and lingerie picture when's she was much younger. they are always much younger. who does it when they are older? modeling several years before she became a teacher in 1999. she quit modeling three or four years before. the 37-year-old got the ax last december after a student showed an image to murray bertram. that's the name of it. wow, that kid is a fink. she is suing for wrongful material nation and violation of her first amendment rights. said the one member of the committee that fired her, quote, the inappropriate photos were impressionable. it has an adverse influence on
. >> should the miserable comedians be taxed at a higher rate? sandra smith discusses her new book, how to fix america one joe derosa at a time. but first, why is danny devito separating from his woif? i will ask him -- from his woif? i will ask him when i get home. >>> were the photos a big no no? a new york city guidance counselor has been fired after 12 years with a department of en location due to a plus photos of her d cups. tiffany web, whoa, says she posed for bikini and...
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federal income, federal payroll tax, state sales tax, property tax cab gas tax, over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. >> what is main street's reaction? we have two of our most outspoken regulars here to discuss. phil cowan, an invest adviser, entrepreneur and best selling author. you can find him at rule 1 investing.com. carol roth, you can find her at carolroth.com. >> good to see you. >> you too, j.j. >> i think it is clear that romney ran all over president obama. from a small business owner's perspective he addressed the issues we have not seen ad dressed over the last four years. most notably, how are we going to get this economy growing again because from a small business owner's perspective, that is what is going to get them hiring and make them more successful. if the economy grows, more people are buying from them. there's more confidence, and it is just a self fulfilling prophecy. >> what we are dealing with he
federal income, federal payroll tax, state sales tax, property tax cab gas tax, over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. >> what is main street's reaction? we have two of our most outspoken regulars here to discuss. phil cowan, an invest adviser, entrepreneur and best selling author. you can find him at rule 1 investing.com....
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Oct 12, 2012
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jack kennedy lowered tax rates, increased growth. ronald reagan... >> oh, now, you're jack kennedy. >> woodruff: abortion also figured as a key issue in the debate. both men are catholics, and they were asked to describe their position, based on their faith. >> i don't see how a person can separate their public life from their private life or from their faith. and i respect people who don't agree with me on this. but the policy of a romney administration will be to oppose abortion, with the exceptions for rape, incest, and life of the mother. >> life begins at conception. that's the church's judgment. i accept it in my personal life. i just refuse to impose that on others, unlike my friend here, the congressman. i do not believe that we have a right to tell other people that women, they... they can't control their body. it's a decision between them and their doctor, in my view. and the supreme court-- i'm not going to interfere with that. >> woodruff: biden warned a conservative supreme court majority would overturn a woman's right t
jack kennedy lowered tax rates, increased growth. ronald reagan... >> oh, now, you're jack kennedy. >> woodruff: abortion also figured as a key issue in the debate. both men are catholics, and they were asked to describe their position, based on their faith. >> i don't see how a person can separate their public life from their private life or from their faith. and i respect people who don't agree with me on this. but the policy of a romney administration will be to oppose...
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who pays taxes ought to get tax relief. a of my plan is in place the wealthiest americans will pay a higher percentage of taxes than they do today and the poorest of americans, 6 million families, 7 million people won't pay any tax at all. >> notice the slight of hands. the wealthiest americans will pay a higher percentage of taxes than they do today. not a higher percentage of their income in taxes since that would be an outright lie. very common bit of conservative bit of misdirection used to hide the distributional tax cuts they're proposing. for instance, even in herman cain's explicitly progressive world of a 9/9/9 flat tax, you can imagine the wealthiest households would still pay a majority of total income tax revenue. that doesn't reflect how progressive or fair the taxation system is. it reflects just how unequal incomes are. bush did it again in the next debate too. >> my plan is that the wealthy people pay 62% of the taxes today after which they pay 64%. this is a fair plan. you know why? because the tax code is
who pays taxes ought to get tax relief. a of my plan is in place the wealthiest americans will pay a higher percentage of taxes than they do today and the poorest of americans, 6 million families, 7 million people won't pay any tax at all. >> notice the slight of hands. the wealthiest americans will pay a higher percentage of taxes than they do today. not a higher percentage of their income in taxes since that would be an outright lie. very common bit of conservative bit of misdirection...
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overall taxes that they pay and the overall tax plan would be tax neutral. i mean, it would be revenue neutral. the other piece is you mentioned this other story -- >> the story is specifics, hasn't it? >> i'll keep going back to this to seep the record straight. you all talking about this story that mitt romney had been saying and reported in other places that this is a new softer side of mitt romney. he's been telling that story for months. and so, i mean, this is all just sort of a generated media narrative that he is coming up with all sorts of new policies and new touching stories. this is, you know, what's great about last week is it's our opportunity to present an unfiltered mitt romney versus an unfiltered barack obama and the choice was houistorically. >> let's ask you then about specifically what the panelist talked about, the thing that a lot of analysts are watching is are the polls going to move in the swing states? it is early to tell. the jobs numbers may factor in to this. can mitt romney move the polls in a place like ohio? where before the
overall taxes that they pay and the overall tax plan would be tax neutral. i mean, it would be revenue neutral. the other piece is you mentioned this other story -- >> the story is specifics, hasn't it? >> i'll keep going back to this to seep the record straight. you all talking about this story that mitt romney had been saying and reported in other places that this is a new softer side of mitt romney. he's been telling that story for months. and so, i mean, this is all just sort of...